The technology sector is one of the most dynamic sectors for mergers and acquisitions (M&A), driven by innovation and global competition. The B2B software and SaaS sectors in Spain, for example, have been in a continuous process of consolidation for years, mainly led by international strategists and private equity funds through their industry platforms. More recently, consolidators in the IT consultancy industry have joined this trend and intend to add to the offer in this sector as well.

Meanwhile, more traditionally industrial and service companies are increasingly aware of the need to apply cybersecurity, artificial intelligence and digital marketing, among others, across their organisations, leading to the need for companies offering these products or services to grow, either organically or through M&A. This marriage between mature industries and technological applications makes words such as fintech, healthtech, edtech, BIM and others increasingly familiar.